Can I retire at age 65 with 923,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $923,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$76,220$75,542$74,879$74,233$73,601$72,712
2 years$37,733$37,030$36,349$35,689$35,048$34,153
3 years$24,905$24,200$23,520$22,866$22,236$21,363
4 years$18,493$17,789$17,117$16,474$15,859$15,015
5 years$14,646$13,947$13,283$12,653$12,056$11,243
6 years$12,083$11,389$10,735$10,119$9,539$8,759
7 years$10,253$9,564$8,921$8,319$7,758$7,010
8 years$8,880$8,198$7,565$6,979$6,436$5,721
9 years$7,814$7,138$6,516$5,945$5,420$4,737
10 years$6,961$6,292$5,681$5,124$4,618$3,967
11 years$6,264$5,601$5,001$4,460$3,972$3,352
12 years$5,683$5,027$4,439$3,912$3,442$2,852
13 years$5,192$4,543$3,966$3,453$3,001$2,441
14 years$4,772$4,130$3,563$3,066$2,631$2,100
15 years$4,407$3,773$3,217$2,734$2,317$1,814
16 years$4,089$3,461$2,917$2,448$2,047$1,572
17 years$3,809$3,188$2,654$2,199$1,815$1,366
18 years$3,560$2,946$2,423$1,982$1,614$1,190
19 years$3,337$2,730$2,218$1,791$1,439$1,039
20 years$3,137$2,537$2,036$1,622$1,285$909
21 years$2,956$2,363$1,872$1,472$1,150$796
22 years$2,792$2,206$1,726$1,339$1,031$698
23 years$2,642$2,063$1,593$1,219$925$613
24 years$2,505$1,933$1,474$1,112$832$539
25 years$2,380$1,814$1,365$1,015$748$475
26 years$2,264$1,705$1,266$928$674$418
27 years$2,157$1,604$1,175$850$608$368
28 years$2,057$1,512$1,093$779$548$325
29 years$1,965$1,426$1,017$714$495$287
30 years$1,879$1,347$947$655$447$253
31 years$1,799$1,273$883$602$405$223
32 years$1,723$1,205$824$553$366$197
33 years$1,653$1,141$769$509$331$174
34 years$1,587$1,081$719$468$300$154
35 years$1,525$1,026$672$431$272$136
36 years$1,466$973$629$397$246$120
37 years$1,411$925$588$366$223$107
38 years$1,358$879$551$337$202$94
39 years$1,309$836$516$311$183$83
40 years$1,262$795$484$287$166$74
41 years$1,217$757$454$264$151$65
42 years$1,175$721$426$244$137$58
43 years$1,135$687$399$225$124$51
44 years$1,097$655$375$208$113$45
45 years$1,060$624$352$192$102$40
46 years$1,025$595$331$177$93$35
47 years$992$568$311$164$84$31
48 years$961$542$292$151$77$28
49 years$930$518$274$140$70$25
50 years$901$495$258$129$63$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 65 starting with $923,000, adding $2,675 every year, while hoping to spend $34,013 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 88/6/6 Blend
64$923,000$923,000$923,000$923,000
65$1,019,905$970,986$956,680$1,109,240
66$1,087,746$982,375$952,539$1,179,178
67$1,161,367$993,182$947,119$1,251,024
68$1,241,321$1,003,342$940,343$1,328,891
69$1,328,217$1,012,788$932,126$1,413,359
70$1,422,726$1,021,445$922,382$1,505,069
71$1,525,584$1,029,236$911,022$1,604,725
72$1,637,602$1,036,077$897,950$1,713,102
73$1,759,673$1,041,881$883,067$1,831,054
74$1,892,779$1,046,552$866,269$1,959,521
75$2,038,001$1,049,991$847,448$2,099,539
76$2,196,528$1,052,092$826,488$2,252,248
77$2,369,671$1,052,742$803,273$2,418,903
78$2,558,871$1,051,819$777,676$2,600,888
79$2,765,715$1,049,198$749,567$2,799,726
80$2,991,951$1,044,742$718,811$3,017,095
81$3,239,503$1,038,308$685,265$3,254,843
82$3,510,491$1,029,743$648,779$3,515,006
83$3,807,247$1,018,886$609,199$3,799,828
84$4,132,341$1,005,566$566,362$4,111,779
85$4,488,602$989,601$520,098$4,453,582
86$4,879,147$970,799$470,228$4,828,235
87$5,307,407$948,956$416,568$5,239,044
88$5,777,164$923,856$358,924$5,689,648
89$6,292,580$895,270$297,094$6,184,058
90$6,858,243$862,958$230,866$6,726,695
91$7,479,203$826,662$160,020$7,322,427
92$8,161,026$786,113$84,325$7,976,620
93$8,909,842$741,024$3,541$8,695,186
94$9,732,403$691,091$0$9,484,639
95$10,636,149$635,996$0$10,357,450
96$11,629,274$575,398$0$11,316,821
97$12,720,808$508,941$0$12,371,259
98$13,920,697$436,245$0$13,530,385
99$15,239,900$356,912$0$14,804,802
100$16,690,488$270,520$0$16,206,191